13 MCMASTER AVENUE, Welland, Ontario, L3B 3S6

MLS® # X12539272

Investment For Sale In Market Square, Welland, Ontario

$999,900

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13 Mcmaster Avenue, Welland, ON - Outdoor With View

13 Mcmaster Avenue, Welland, ON - Outdoor

13 Mcmaster Avenue, Welland, ON - Indoor Photo Showing Other Room

13 Mcmaster Avenue, Welland, ON - Indoor Photo Showing Dining Room

13 Mcmaster Avenue, Welland, ON - Indoor Photo Showing Living Room

13 Mcmaster Avenue, Welland, ON - Indoor

13 Mcmaster Avenue, Welland, ON - Indoor Photo Showing Kitchen

13 Mcmaster Avenue, Welland, ON - Indoor Photo Showing Bedroom

13 Mcmaster Avenue, Welland, ON - Indoor Photo Showing Bathroom

13 Mcmaster Avenue, Welland, ON - Indoor Photo Showing Laundry Room

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13 MCMASTER AVENUE, Welland, Ontario, L3B 3S6

$999,900

Property Information:

Legally registered 5-plex (4 active) with former basement unit offering potential for 2 new suites - envision up to 6 units in total ~ OR ~ put up a brand new 32-Unit building! Fantastic opportunity in one of Welland's most promising growth corridors. This well-maintained building sits on an oversized 63' x 190' lot, zoned RL2 & RM, just steps from the Welland Canal, Merritt Island Park, and close to major amenities including Welland Hospital and Niagara College. The property features 4 spacious 2-Bed 1-Bath apts., (each approx. 800 sq.ft) 5 parking spaces, high basement ceiling with a 5th 4-pc bath and potential for 2 additional apartments, and strong long-term value. A planner-commissioned concept sketch outlines a 32-unit redevelopment vision for the site. The area also presents potential for future land assembly, offering added scale for developers exploring larger residential intensification projects. Ideal for investors, developers, or those seeking a well-located income property with long-term upside. Conceptual plans were prepared by a third party and have not been submitted to the City. (id:27)

Building Features:

Style: Multiplex
Building Type: Other
Amenities: Separate Hydro Meters
Basement Development: Partially finished
Basement Type: N/A, N/A, Full, N/A
Exterior Finish: Brick, Vinyl siding
Fire Protection: Controlled entry
Floor Space: 3000 - 3500 sqft
Foundation Type: Block
Heating Type: Radiant heat
Heating Fuel: Natural gas
Cooling Type: None
Appliances: Stove, Refrigerator

Property Features:

Property Type: Multi-family
Amenities Nearby: Park
Community Features: Community Centre, School Bus
Features: Irregular lot size, Ravine, Sump Pump
Floor Space (approx): 3000 - 3500 Square Feet
Irregular: Yes
Lot Depth: 190.0 Feet
Lot Frontage: 63.0 Feet
Lot Size: 63 x 190 FT ; LOT IS 90' WIDE AT THE BACK
Structure Type: Porch
Zoning: RL2, RM
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 5

Courtesy of: RE/MAX ESCARPMENT REALTY INC.

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